UBS said Friday that it’s signed a loss protection agreement with the Swiss government covering up to 9 billion francs ($10 billion) of losses once the takeover of…
Read more UBS inks pact with Swiss government as Credit Suisse deal may close next weekBy Pierre Bertrand UBS Group said it expects to complete its acquisition of Credit Suisse Group and have the shares of the Swiss peer delisted as early as…
Read more UBS Expects to Complete Credit Suisse Acquisition, Delisting as Early as Next Week – UpdateDeutsche Bank Reports Higher Profit in Tumultuous Quarter Source link
Read more Deutsche Bank Reports Higher Profit in Tumultuous Quarter“We wanted to put all our energy and our efforts into turning the situation around and putting the bank back on track. It pains me that we didn’t…
Read more Credit Suisse chairman apologizes at final shareholder meeting in 167-year historyA new Senate Finance Committee report from the Democratic staff alleges that Credit Suisse CS violated key terms of a plea agreement with the Justice Department. The report…
Read more Credit Suisse abetted possible criminal tax evasion, Senate committee allegesDeutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend. The German lender’s shares DBK, -8.53%…
Read more Deutsche Bank shares slump in latest sign of bank worriesThe Swiss regulator on Sunday announced that it was writing the value of Credit Suisse’s additional Tier 1 bonds — also called AT1 bonds, or contingent convertible bonds…
Read more What are CoCos and why are Credit Suisse’s now worth zero?Credit Suisse shares dropped as much as 65% on Monday after the struggling Swiss bank agreed to be taken over by its rival UBS at a steep discount.…
Read more Credit Suisse shares slump by two-thirds after UBS dealBy Dominic Chopping Norway’s sovereign wealth fund had a 1.49% stake in Credit Suisse Group AG at the end of 2022 and a 3.31% stake in UBS Group…
Read more Norway’s Oil Fund Has Roughly 1.49% Stake in Credit Suisse, No AT1 Bond ExposureThousands of miles away from U.S. shores last Wednesday, a headline began working its way across Europe, then Wall Street, sparking fresh panic as it dawned on investors…
Read more Here’s why UBS’s deal to buy Credit Suisse matters to U.S. investorsStruggling Swiss banking giant Credit Suisse has agreed to be bought by its arch-rival UBS at a discount to Friday’s close price, after seeing a wave of customer…
Read more UBS to buy Credit Suisse for more than $3 billion in deal backed by Swiss governmentUBS Group has offered to buy Credit Suisse Group for up to $1 billion, the Financial Times reported on Sunday. The report said regulators are rushing to complete…
Read more UBS Said to Offer $1 Billion for Credit Suisse. Here’s Why It Matters.U.S. stocks ended lower Friday as worries about banking-sector stability reemerged following a bankruptcy filing by SVB Financial Group and the release of data showing banks borrowed $165…
Read more U.S. stocks end lower, Dow books back-to-back weekly losses as banking sector stress reemergesCredit Suisse shares surged 32% in opening trade, rallying as the Swiss banking giant said it will tap its central bank for 50 billion francs ($54 billion) and…
Read more Credit Suisse shares jump after saying it will borrow from SNB and buy back debtCredit Suisse Group AG said Thursday that it will delay the publication of its 2022 report after a late call from U.S. market regulators over 2019 and 2020…
Read more Credit Suisse to delay publication of 2022 annual report on SEC commentsSaudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s former chief executive are among investors preparing to invest $1 billion or more into Credit Suisse’s…
Read more Saudi crown prince set to invest in Credit Suisse’s new investment bankCredit Suisse Group AG shares tumbled in Wednesday morning trading after the bank said asset outflows at its wealth-management business would lead to a fifth consecutive quarterly loss.…
Read more Credit Suisse shares tumble after flagging $1.6 billion 4Q loss amid strain for wealth management comesCredit Suisse Group AG said Friday that it is offering to repurchase debt securities for a total of close to $3 billion as the troubled lender looks to…
Read more Credit Suisse makes $2.98 billion debt-repurchase offers
